Stephens Investment Management Group LLC Buys 5,455 Shares of Powell Industries, Inc. $POWL

Stephens Investment Management Group LLC increased its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,669 shares of the industrial products company’s stock after acquiring an additional 5,455 shares during the quarter. Stephens Investment Management Group LLC owned about 0.74% of Powell Industries worth $27,332,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of POWL. First Trust Advisors LP boosted its position in shares of Powell Industries by 31.7% during the second quarter. First Trust Advisors LP now owns 371,016 shares of the industrial products company’s stock worth $78,080,000 after purchasing an additional 89,407 shares in the last quarter. State Street Corp increased its position in shares of Powell Industries by 0.9% in the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after buying an additional 3,159 shares in the last quarter. Invesco Ltd. raised its stake in Powell Industries by 23.2% during the 2nd quarter. Invesco Ltd. now owns 340,008 shares of the industrial products company’s stock worth $71,555,000 after buying an additional 64,029 shares during the period. Geode Capital Management LLC raised its stake in Powell Industries by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 237,715 shares of the industrial products company’s stock worth $50,033,000 after buying an additional 5,725 shares during the period. Finally, Ophir Asset Management Pty Ltd lifted its holdings in Powell Industries by 71.3% during the second quarter. Ophir Asset Management Pty Ltd now owns 185,127 shares of the industrial products company’s stock worth $42,696,000 after acquiring an additional 77,031 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Insider Buying and Selling

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the transaction, the vice president directly owned 4,451 shares in the company, valued at $1,476,530.23. This trade represents a 40.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

Powell Industries Trading Up 3.6%

Shares of POWL opened at $419.98 on Friday. Powell Industries, Inc. has a 12 month low of $146.02 and a 12 month high of $446.11. The firm has a fifty day simple moving average of $340.41 and a 200 day simple moving average of $302.51. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.97 and a beta of 0.86.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.46. Powell Industries had a net margin of 16.37% and a return on equity of 31.80%. The firm had revenue of $297.98 million for the quarter, compared to analyst estimates of $292.85 million. During the same period in the previous year, the business earned $3.77 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.07 annualized dividend and a yield of 0.3%. Powell Industries’s dividend payout ratio is 7.21%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Roth Capital restated a “buy” rating and set a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $350.00.

Powell Industries Company Profile

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.